Gamifying the net wealth fluctuations of the worlds richest people!

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(Edited)

Hello everyone, each week i release a project idea and this week we have a banger. What about Tycoon Farmers? Would you be interested in investing in some Elon Musk are Jeff Bezos NFT's?

Tycoon Farmer NFT game

We all love games and NFT's are the best way for us to do this on the blockchain. Tycoon Farming is based on the top 10 richest people in the world (1-5 on release with 1 new addition every 2 months). Rewards are based on fluctuations of their fortunes on a weekly basis.

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The game would start with the top 5 richest people in the world. These cards will have hard caps of 5000 but issuing will be limited and sold in batches over a period of time to ensure more even distribution. All monies collected from NTF's cards sales go into a "The Bank" reward pool.

(Numbers are in billions)

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The idea is you would buy these tycoons NFT's and then you are rewarded with stock tokens based on that person's weekly performance. So if you have an Elon Musk NFT and his net wealth increases this week, you will be rewarded Tesla tokens, for Jeff Bezos, you'll receive Amazon tokens, Zuckerberg = Facebook tokens, etc. If thier net worth decreases, you get nothing that week.

We can see from the above table that this week only Elon Musk and Bill Gates have increased their net wealth over the past week. Together they gained 31 billion, 30 to Musk and 1 to Gates. As a percentage, this is 96.77 and 3.23%. These percentages are used to allocate the weekly pool reward in the form of company stocks.

Each stock token is issued at 1 HIVE and has its own reward pot, the secondary market will decide each stock tokens true price based on its reward pot divided by it's circulating supply.

Example
The Tesla stock pool is worth 1000 HIVE with 1000 Telsa tokens in circulation, each Telsa token is worth 1 HIVE and can be sold back at that price. Someone uses 500 Telsa tokens to buy new Elon Musk NFT's at a 10% discount. These 500 Telsa tokens are burnt and 90% of the sale price in HIVE is reallocated to "the bank" reward pool with 10% remaining in the Tesla stock pool. In this example, 450 HIVE would return to "the bank" reward pool and 50 HIVE would remain in the Telsa stock reward pool. The total Telsa stock pool would be worth 550 HIVE with 500 Tesla stock token in circulation giving each token a value of 1.10 HIVE.

These numbers would not be released and it would be up to savy players to work them out by watching the stock token circulating supply vs rewards pool.

Rewarding structure

This can be done 1000 different ways but just to show as an example, I have done an easy one based on 6 months. So, it's based on total Bank divided by 26. There are 26 weeks in 6 months and stock tokens would be paid out weekly. By paying out a 26th of the total BANK every week, we ensure that the bank never goes dry and if more HIVE is collected from issuing NFT's than is paid out in stock tokens, the BANK increases. It's similar to how Dcity used to do things back in the day, I think their reward model has advanced and got more complex since then but it's a model that works. I added in a 1% dip that would go to project operators to pay server costs. The table below shows how THE BANK would increase over time and weekly rewards would increase. The numbers below are very small and based on an income of only 100 HIVE per week from issuing NFT's. I think if such a game were released if it was built right with a nice frontend and had trustworthy people behind it, the numbers could be 50-100x but just to keep it simple, 100 HIVE income per week. Weekly reward pool is 1 26th of the "The Bank" with the rest carried over to the next week.

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That gives you a rough idea of how rewards would increase over time and how much they could increase by. The first 26 weeks will be the worst rewarded but by the time rewards get good, all the NFT's might be sold out and trading with a premium.

Again, there are 1000's of different ways you could have a reward model. The example above is a bare-bones model, I could write a super complex and very impressive rewards pool distribution plan but this is a what-if project so no such detail is required.

Introdcuing new NFT's

On release, 5 NFT's would be available. After 2 months, the next NFT would be released, this would be the 6th richest person in the world at that time. A new NFT would be released every 2 months for the next 10 months after until all 10 NFT's are issued 1 year after launch.

The top 10 rich list is always changing and any game requires an income to keep growing so...

  • If someone falls out of the top 10, that NFT becomes non-active and will stop receiving stock token rewards. The stock reward pool is frooze for 26 weeks.
  • A new NFT would be created for the new 10th richest in the world and issued for public sale.
  • If someone leaves the top 10 but rejoins at a later date, that NFT will become active again to earn stock tokens.
  • If someone remains out of the top 10 for longer than 26 weeks, the stock reward pool is reallocated to "the bank" and a new reward pool would be created if they ever rejoin the top 10.

This is where things would get very fun. If a person falls out of the top 10 and holders stopped receiving stock rewards, we could assume most of the holders would dump that NFT card for a fraction of its previous value. Someone could take a gamble and snap them up for pennies on the dollars and if that person returns into the top 10, make a killing on resale.

That is all I've got

I only sat down to make a 400-500 word post but got carried away, i could go on for much longer but time is not on my side and i spent too much time on the thumbnail, haha. That's the basis of how a game like this could work. Please let me know in the comments below what you think.

Let me know what you think of this idea

Would you play Tycoon Farmer?

Posted Using LeoFinance Beta



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Very interesting premise. I will have to reread this again tomorrow. Getting late here.

A fun type game that can also be profitable.

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I'm pretty sure I would play Tycoon Farmer. It sounds like a lot of fun. I was a bit concerned by this bit though

it would be up to savy players to work them out

Not whether that might exclude me! 😂

!ENGAGE 100

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